Bank of New York Mellon Corp Sells 103,295 Shares of iShares Global Infrastructure ETF (NASDAQ:IGF)

Bank of New York Mellon Corp cut its stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF) by 25.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 296,662 shares of the company’s stock after selling 103,295 shares during the period. Bank of New York Mellon Corp owned 0.26% of iShares Global Infrastructure ETF worth $16,218,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IGF. Lee Danner & Bass Inc. bought a new position in iShares Global Infrastructure ETF in the 4th quarter valued at about $44,000. NewEdge Advisors LLC acquired a new stake in iShares Global Infrastructure ETF during the 4th quarter worth approximately $56,000. Abound Wealth Management bought a new position in shares of iShares Global Infrastructure ETF during the first quarter valued at $89,000. Highline Wealth Partners LLC acquired a new position in shares of iShares Global Infrastructure ETF during the first quarter worth $107,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of iShares Global Infrastructure ETF by 105.4% in the first quarter. Exchange Traded Concepts LLC now owns 2,225 shares of the company’s stock valued at $122,000 after buying an additional 1,142 shares during the period.

iShares Global Infrastructure ETF Stock Performance

Shares of iShares Global Infrastructure ETF stock opened at $59.12 on Friday. The stock has a market capitalization of $7.54 billion, a PE ratio of 20.10 and a beta of 0.80. The stock has a 50 day moving average price of $58.65 and a two-hundred day moving average price of $55.68. iShares Global Infrastructure ETF has a 52 week low of $48.55 and a 52 week high of $59.83.

iShares Global Infrastructure ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were paid a $0.9834 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from iShares Global Infrastructure ETF’s previous dividend of $0.85.

iShares Global Infrastructure ETF Profile

The iShares Global Infrastructure ETF (IGF) is an exchange-traded fund that is based on the S&P Global Infrastructure index, a market-cap-weighted index of global infrastructure companies. IGF was launched on Dec 10, 2007 and is managed by BlackRock.